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Westport Fuel Systems (US) (WPRT)
:WPRT
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Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.24Last Year’s EPS
-0.81Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -7.28%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with notable success in cost reductions, margin improvements, and Cespira's performance. However, these were offset by a decline in overall revenue, challenges in the hydrogen market, and ongoing issues with Weichai orders.Company Guidance
In the Q3 2024 earnings call for Westport Fuel Systems, the company highlighted several key metrics and strategic updates. The quarter marked the first full operational period for the joint venture Cespira, which generated $16.2 million in revenue, a notable increase from $13.5 million in the same quarter last year. This JV contributed to a decrease in consolidated revenue by 14% to $66.2 million, due to the transition of heavy-duty OEM operations into Cespira. Westport achieved a 22% gross margin, up from 17% in Q3 2023, driven by cost-cutting initiatives and increased sales volume in the light-duty segment, which generated $61.5 million in revenue. The company also reported a decrease in SG&A and R&D expenses by approximately 40% compared to the previous year. Despite a slowdown in hydrogen infrastructure development, Westport remains optimistic about the future role of hydrogen and continues to focus on alternative fuels like LPG and CNG. The company is also working on improving its operational cash flow, with cash and cash equivalents standing at $33.3 million as of September 30, 2024.Cespira Operational Success
Cespira, the joint venture, reported $16.2 million in revenue in Q3, a $2.7 million increase from the same quarter last year, offsetting the reported decline in consolidated revenue.
Cost Reduction Achievements
Westport successfully reduced SG&A expenses by almost 40% and R&D expenses by over 40% compared to the same quarter last year, leading to improved gross margins and adjusted EBITDA.
Gross Margin Improvement
Gross margin increased to $14.5 million or 22% of revenue in Q3 2024, up from $13.2 million or 17% in Q3 2023, driven by increased sales volumes and a change in sales mix.
Light-Duty Segment Performance
Light-duty revenue for Q3 2024 was $61.5 million, up from $60.2 million for Q3 2023. The segment also saw an increase in gross margin to 23% of revenue.
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WPRT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WPRT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $4.12 | $4.00 | -2.91% |
| Aug 13, 2024 | $5.64 | $5.60 | -0.71% |
| May 08, 2024 | $5.93 | $5.60 | -5.56% |
| Mar 25, 2024 | $7.24 | $6.82 | -5.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Westport Fuel Systems (US) (WPRT) report earnings?
Westport Fuel Systems (US) (WPRT) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is Westport Fuel Systems (US) (WPRT) earnings time?
Westport Fuel Systems (US) (WPRT) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WPRT EPS forecast?
WPRT EPS forecast for the fiscal quarter 2024 (Q4) is -0.24.
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